Economics

This Nasa Earth Observatory image shows a storm system circling around an area of extreme low pressure in 2010, which many scientists attribute to climate change. Photograph: AFP/Getty Images

Natural and social scientists develop new model of how 'perfect storm' of crises could unravel global system

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theguardian.com - by Nafeez Ahmed - March 14, 2014

A new study sponsored by Nasa's Goddard Space Flight Center has highlighted the prospect that global industrial civilisation could collapse in coming decades due to unsustainable resource exploitation and increasingly unequal wealth distribution.

Noting that warnings of 'collapse' are often seen to be fringe or controversial, the study attempts to make sense of compelling historical data showing that "the process of rise-and-collapse is actually a recurrent cycle found throughout history." Cases of severe civilisational disruption due to "precipitous collapse - often lasting centuries - have been quite common."

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A protester in Ukraine swings a metal chain during clashes - a taste of things to come? Photograph: Gleb Garanich/Reuters

submitted by Mikayla McDonald

From South America to South Asia, a new age of unrest is in full swing as industrial civilisation transitions to post-carbon reality

theguardian.com - by Nafeez Ahmed - February 28, 2014

If anyone had hoped that the Arab Spring and Occupy protests a few years back were one-off episodes that would soon give way to more stability, they have another thing coming. The hope was that ongoing economic recovery would return to pre-crash levels of growth, alleviating the grievances fueling the fires of civil unrest, stoked by years of recession. . .

. . . The recent cases illustrate not just an explicit link between civil unrest and an increasingly volatile global food system, but also the root of this problem in the increasing unsustainability of our chronic civilisational addiction to fossil fuels. . .

. . . Of course, the elephant in the room is climate change.

David Cameron: "Whatever money is needed, we will spend it."

bbc.co.uk - February 11, 2014

The prime minister says money will be no object as flood relief efforts continue across swathes of the UK.

David Cameron warned the severe weather was not over, saying: "Things could get worse before they get better."

Speaking at a Downing Street press conference after returning from the flood-stricken South West, Mr Cameron said: "Money is no object in this relief effort. Whatever money is needed, we will spend it."

He said recovering from the floods could take time, telling reporters: "It will be a long haul and it will require a stepped up national effort, with the whole country pulling together.

He vowed lessons would be learned, adding: "We will deal with the floods and we will build a more resilient country for the future."

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http://www.businessinsider.com/uk-flooding-pictures-2014-2

huffingtonpost.com - January 24th, 2014 - Kumi Naidoo

A mind-boggling sum of about $800 for each person on the planet is invested into fossil fuel companies through the global capital markets alone. That's roughly 10 percent of the total capital invested in listed companies. The amount of money invested into the 200 biggest fossil fuel companies through financial markets is estimated at 5.5 trillion dollars.

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